Free Trial

IAEA Chief: NK's Nuclear Development Proceeding 'Full Steam Ahead'

NORTH KOREA

Speaking at the opening of the International Atomic Energy Agency's 65th annual general conference, IAEA Director-General Rafael Mariano Grossi stated that North Korea's nuclear development is proceeding 'full steam ahead'.

  • The comments come a week after a heightening of tensions on the Korean peninsula, with the North testing two ballistic missiles that landed in the Sea of Japan. This was followed hours later by a test from the South, which tested its first submarine-launched ballistic missile.
  • Last week, China and South Korea's gov'ts met to discuss North Korea's nuclear programme.
  • The pandemic appears to have hit North Korea hard, with trade cut off with China in an effort to stop the spread of COVID-19 hitting the DPRK's already-stretched food supplies. This domestic uncertainty could translate into a more aggressive North Korean gov't on the international stage as it looks for an easing of sanctions.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.